Tivoli AS (OCSE:TIV) EV-to-OCF: 18.80 (As of Sep. 08, 2026) — 10% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OCSE:TIV Tivoli AS OCSE:TIV
75 GF Score
Price kr624.00
GF Value kr670.50
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Tivoli AS EV-to-OCF?

Tivoli AS OCSE:TIV 75 EV-to-OCF is 18.80 as of Sep. 08, 2026, which is 10% below its 10-year median of 20.90. GuruFocus rates OCSE:TIV with a GF Score™ of 75/100 and a GF Value™ of kr670.50 (Fairly Valued). The stock has 3 warning signs investors should review. Among 849 Travel & Leisure companies, Tivoli AS ranks worse than 75.97% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Tivoli AS's Enterprise Value is kr3,992 Mil. Tivoli AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was kr212 Mil. Therefore, Tivoli AS's EV-to-OCF for today is 18.80.

The historical rank and industry rank for Tivoli AS's EV-to-OCF or its related term are showing as below:

OCSE:TIV' s EV-to-OCF Range Over the Past 10 Years
Min: -202.88   Med: 20.9   Max: 395.05
Current: 18.8

During the past 13 years, the highest EV-to-OCF of Tivoli AS was 395.05. The lowest was -202.88. And the median was 20.90.

OCSE:TIV's EV-to-OCF is ranked worse than
75.97% of 849 companies
in the Travel & Leisure industry
Industry Median: 9.35 vs OCSE:TIV: 18.80

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-08), Tivoli AS's stock price is kr624.00. Tivoli AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was kr17.766. Therefore, Tivoli AS's PE Ratio (TTM) for today is 35.12.


Tivoli AS  (OCSE:TIV) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Tivoli AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=624.00/17.766
=35.12

Tivoli AS's share price for today is kr624.00.
Tivoli AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr17.766.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Tivoli AS EV-to-OCF Related Terms


Tivoli AS EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Tivoli AS's EV-to-OCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tivoli AS EV-to-OCF Chart

Tivoli AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.53 24.84 22.48 18.62 15.13

Tivoli AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.60 17.71 15.13 17.95 18.91

OCSE:TIV vs AS, HAS, LTH: EV-to-OCF Comparison

For the Leisure subindustry, Tivoli AS's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tivoli AS EV-to-OCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tivoli AS's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Tivoli AS's EV-to-OCF falls into.


OCSE:TIV
75GF Score
Tivoli AS OCSE:TIV
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tivoli AS EV-to-OCF Calculation

Tivoli AS's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3992.396/212.4
=18.80

Tivoli AS's current Enterprise Value is kr3,992 Mil.
Tivoli AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr212 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 18.80 mean?
Tivoli AS (OCSE:TIV) has a EV-to-OCF of 18.80 as of Sep. 08, 2026. This is 10% below median its historical median of 20.90. According to the industry distribution chart, Tivoli AS ranks #645 out of 849 companies in the Travel & Leisure industry, placing it in the top 76%.
Is Tivoli AS's EV-to-OCF too high?
Tivoli AS's current EV-to-OCF of 18.80 is 10% below median its 10-year median of 20.90. The Travel & Leisure industry median EV-to-OCF is 9.35. Tivoli AS's value of 18.80 is 101.1% above this industry median. Based on the distribution chart, Tivoli AS ranks #645 out of 849 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Tivoli AS has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tivoli AS's EV-to-OCF compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Tivoli AS ranks #645 out of 849 companies for EV-to-OCF. This places Tivoli AS in the lower half of its industry. The industry median EV-to-OCF is 9.35. Tivoli AS's value of 18.80 is 101.1% above this benchmark. While the company's 10-year median is 20.90 vs. the industry median of 9.35, Tivoli AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Travel & Leisure company?
The median EV-to-OCF among Travel & Leisure companies is 9.35, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tivoli AS's current EV-to-OCF of 18.80 is 101.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median EV-to-OCF is 9.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tivoli AS's current EV-to-OCF is 18.80, which is 10% below median its own 10-year median of 20.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tivoli AS stock overvalued right now?
Based on GuruFocus' analysis, Tivoli AS (OCSE:TIV) is currently considered Fairly Valued. The stock's GF Value™ is kr670.50, compared to a current price of kr624.00 — trading 6.9% below its estimated fair value. The current EV-to-OCF is 18.80, which is 10% below median its 10-year median of 20.90 and 101.1% above the Travel & Leisure industry median of 9.35. Tivoli AS's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Tivoli AS (OCSE:TIV), the current EV-to-OCF is 18.80 as of Sep. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tivoli AS (OCSE:TIV) Overvalued in 2026?

Based on GuruFocus' analysis, Tivoli AS stock appears to be undervalued. The current stock price of kr624.00 is trading 6.9% below its estimated GF Value™ of kr670.50. GuruFocus considers Tivoli AS to be Fairly Valued.

Key valuation signals for OCSE:TIV:

  • EV-to-OCF: 18.80 (10% below median its 10-year median of 20.90)
  • GF Value™: kr670.50 vs. price of kr624.00 (6.9% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 101.1% above the Travel & Leisure median (#645 of 849)

No single metric tells the full story. See the OCSE:TIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tivoli AS Business Description

Address Vesterbrogade 3, Copenhagen, DNK, 1630
Tivoli AS operates Tivoli amusement park, located in central Copenhagen. It provides services like rides, music, entertainment, food, and drink. Its amusement park includes a green park, a concert hall, a theatre, and a circus. The company operates in six business segments: Games, Food & Beverage, High-End, Enterprise Rental, Sales, and Culture. It generates the majority of its revenue from the Sales segment.
75GF Score

Get the complete analysis for OCSE:TIV

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr624.00
Price
kr670.50
GF Value